News

There are special rules concerning the liability to IHT of a transfer made during one’s lifetime. For example, most gifts made during a person's life are not subject to tax at the

Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If taxpayers only pay basic rate tax and

The Corporation Tax Main Rate applies to companies with profits in excess of £250,000. The applicable rate is currently 25%. A Small Profit Rate (SPR) of 19% applies to companies

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by

The VAT Import One Stop Shop (IOSS) Scheme applies to goods imported in consignments with a value of £135 or less (known as low value goods) from countries outside the EU and

Would you like an employee for 6 months all salaries NI and pension payments paid for by the Government? Click here for more information Search Kickstart Scheme Grant for Employers or Contact Sandra Murphy at Business Doctors for more information

Covid-19 ROAD MAP OUT OF LOCKDOWN Step 1 - 8th March - Schools and colleges resume. People can meet one other person outside for recreation. Care homes allowed one regular named visitor. Stay at Home order remains in place. Step…

Welcome to our Winter 2020 news update! Covid-19 We sincerely hope that you are keeping safe and well under the current difficult conditions. Let us hope the end is in sight! SEISS third grant opens with new conditions The Self-Employed…

Making Tax Digital is a Government initiative that sets out a bold vision for a digital tax system “to make it easier for individuals and businesses to get tax right and to keep on top of their affairs. “Not sure…

Take them through a Security Check! Recently there has been a spate of telephone scammers calling allegedly from HMRC. We recommend that you ask the caller to pass  a security check (as HMRC does with you!) before answering any of their questions.…

The first digital VAT returns will be due from VAT registered businesses with a turnover of £85,000 or more from 1 April 2019 using their own digital software. They will not be able to use HMRC software. VAT registered businesses which have an annual…

Welcome to our Spring Tax News update! In the world of tax and accountancy, spring means the end of the financial year, which is April 5th.  So, in this update we focus on helping you make sure that you have…